Tuesday, September 13, 2011

Mortgage Refi

WOW - rates are crazy low. We've been talking to alot of people about refinancing and it seems to be a pretty hot topic! We're looking into it also. Who wouldn't want to save a couple hundred bucks each month?!

6 comments:

Carlito said...

OMG I know! We cant lock in yet, not until mid October. I hope it stays low like this.

Anonymous said...

Make sure that after closing costs, to refinance, that you aren't spending the same amount or more, after interest adding on, to save a couple of hundred dollars a month.

BD said...

OMG - Refinancing already...but that is a good thing...if you can knock your interest down by at least 2% and plan on staying in the house long enough to recover the cost of the refinancing with the monthly savings then definitely go for it...I was an expert at Refinancing...when we got our first house our interest rate was 13.5%...try dealing with that as a first time home buyer!!!

Can you believe we are 8 days away from closing and moving in....seems like forever ago that I stumbled onto your blog...

Our New Ryan Home said...

We just locked in our interest rate @ 4%!!

ThriftyAmy said...

Yep - we close on our refi Tuesday. We've got 4% too! Our payment is dropping $137 a month! No out of pocket costs, our credit scores are over 820 and our file looked so good we didn't even have to get an appraisal! Saved almost $300 in cc with that being knocked off!

Sgt.Rich said...

Hi Amy,
I just wanted to say thanks for your blogging. I think I went back and read all your posts! We will be breaking ground this week on a Ryan home in Cincinnati area. I decided to blog about it as well.
Thanks
sdr
http://myryanhome.blogspot.com/